Life Science
U.S. Life Sciences Vacancy Tops 70% of New Deliveries as 60MM SQFT Pipeline Reshapes Market
Savills says supply surge from pandemic-era development boom is outpacing demand, leaving major lab projects unleased across key hubs A development cycle that...
Family-Owned 21,600 SQFT Denny Triangle Development Site in Seattle Trades for $32.4MM in Equity Deal
The half-acre parcel in Seattle carries a master use permit for an 11-story, 305,000-square-foot life-science and office project designed by Perkins+Will for Trammell...
North American Life Sciences Sector Grapples With Supply Glut as 55% of Recent Lab Deliveries Sit Vacant
A pandemic-era construction wave has collided with cooling demand, leaving nearly 60 million square feet of new lab space struggling to find tenants...
Seattle Life Science Vacancy Climbs to 22.8% as More Than 500,000 SQFT of New Product Delivers
Two major projects enter Greater Seattle’s lab market in 2025 with moderate preleasing as NIH and venture capital funding both decline year over...
Sound Commercial Investment Holdings Acquires PNRI’s 45,000-SQFT First Hill Lab Facility at 720 Broadway in Seattle for $6.5MM
Nonprofit biomedical research institute sells longtime headquarters at a steep discount to assessed value, plans to lease back the building to preserve research...
OHSU’s $650MM, 530,000 SQFT Vista Pavilion in Portland Completed On Time and Under Budget
The 14-story hospital tower, one of Oregon’s most complex healthcare construction projects, adds 128 beds and positions OHSU’s Knight Cancer Institute for a...
Intercontinental Real Estate Corporation Sells 228,000 SQFT 222 Fifth Life Science Property in Seattle for $50MM
Former Phoenix Suns owner’s affiliate purchases 222 Fifth, a 228,000-square-foot biotech hub in South Lake Union housing early-stage startup incubator A large life...
Seattle Life Sciences Market Posts Modest Gains as Major Construction Project Completes
Pacific Northwest hub delivers 227,000 square feet of new lab space, accounting for more than 80 percent of national Q4 completions Seattle’s life...
Alexandria Real Estate Slashes Dividend 45% as Life Science Downturn Forces Strategy Shift
The pioneering life science REIT posts its fifth consecutive quarterly loss while accelerating asset sales to shore up balance sheet Alexandria Real Estate...
Columbia Pacific Advisors Plans 1,193-Unit Mixed-Use Development in Bellevue’s BelRed District
121,041 SQFT lab research facility and seven residential towers proposed for 8.99-acre site at 13201 NE Spring Boulevard Bellevue’s BelRed neighborhood is positioned...
Seattle Life Sciences Market Faces Headwinds Despite Strong Research Foundation
Vacancy rates climb and leasing activity slows in the Pacific Northwest hub, reflecting broader industry challenges Seattle’s life sciences real estate market is...
Alexandria Real Estate’s Struggles Deepen with Fourth Consecutive Quarterly Loss as Life Science Downturn Continues
Quarterly loss and major asset write-downs signal ongoing challenges for pioneering life science REIT Alexandria Real Estate Equities reported its fourth consecutive quarterly...
